OREANDA-NEWS. September 07, 2011. The portfolio of new cash loans issued by VAB Bank in July 2011 to cover current requirements of individuals demonstrated a 5% growth versus June. Growth of the new automotive loans portfolio over the same period was 9%. The highest trend – a 25% growth – was seen in the new point-of-sale commodity loans, reported the press-centre of VAB Bank.

“Our bank remains quite active in the individual lending market by offering diverse cash lending programmes, point-of-sale commodity loans, as well as attractive automotive loans, particularly through partnership programmes with car dealerships. 

The bank continually works to develop a line of offerings to borrowers not merely following but often exceeding market trends.  We are geared towards a mutually beneficial dialogue with our borrowers and are seeking to offer the most comfortable service in the financial market,” Mr. Anton Shaperenkov, VAB Bank deputy chairman and retail business director, says.

VAB Bank’s overall retail portfolio went up 3.1% in July versus June, exceeding UAH1.6bn as at 01 August 2011.  Aggregate retail portfolio growth throughout the banking system as a whole made 0.2% over the same period.